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Newark Housing Authority Board of Commissioners Meeting Minutes March 2026

MRK Property Management to Continue Work With NHA

Newark Housing AuthorityMRK PROPERTY MANAGEMENT LLCMarch 11, 2026

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Description

HUD approved the transfer of Alder Creek’s ownership interest to MRK, which will operate through MRK Property Management, LLC and continue working with the Newark Housing Authority on property management services. The approval maintains existing option and right of first refusal terms between MRK and NHA, with no new project debt disclosed.

Contract Details

Vendor

MRK PROPERTY MANAGEMENT LLC

Agency

Newark Housing Authority, DE

Contract Type

PROFESSIONAL_SERVICES

Document Date

March 11, 2026

Renewal Info

HUD approval affirms that the existing Option and Right of First Refusal Agreement between MRK and NHA remains in effect and conditions approval on MRK not impeding NHA’s rights under that agreement.

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